Breakout Stocks of Week 43
NASDAQ was up last week (week 42) by 2.18% ending at 14,897.34 points after gaining 317.80 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Equitable Group Inc. TSX:EQB. This stock has had a buy signal since Oct 08, 2021 when the price was $151.46 , but have so far fallen -47.97% to $78.81. Some other companies are on our watchlist to, among these are Avery Dennison Corporation NYSE:AVY Santander Consumer USA Holdings Inc NYSE:SC American Water Works NYSE:AWK and ADVISORSHARES ATHENA HIGH DIVIDEND ETF XLON:DIVI which all got a breakout pattern emerging.
| Date | Company | Price | Week 43 |
|---|---|---|---|
| Equitable Group Inc. | $78.81 | $76.65 | -2.73% |
| Avery Dennison Corporation | $209.75 | $217.50 | 3.69% |
| Santander Consumer Usa Holdings Inc | $41.63 | $41.65 | 0.0480% |
| American Water Works | $171.42 | $175.81 | 2.56% |
| Advisorshares Athena High Dividend Etf | £113.00 | £114.67 | 1.48% |
The Equitable Group Inc. stock price gained 1.10% on the last trading day (Friday, 15th Oct 2021), rising from $77.95 to $78.81. During the last trading day the stock fluctuated 2.66% from a day low at $77.20 to a day high of $79.25. The price has risen in 8 of the last 10 days and is up by 10.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $2.24 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Equitable Group Inc. stock to perform well in the short-term.
About Equitable Group Inc.:
EQB Inc., through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions. Its loan products include residential mortgages; equipment loans; home equity, cash surrender value, and commercial equity lines of credit; business enterprise solutions comprising mixed use, multi-residential properties, retail spaces, office condominiums, and industrial buildings; and asset repositioning, inventory, term, and construction loans. The company also offers digital banking services, as well as a range of banking solutions, including international money transfers, US dollar accounts, and a suite of registered products. The company was formerly known as Equitable Group Inc. and changed its name to EQB Inc. in June 2022. EQB Inc. was founded in 1970 and is headquartered in Toronto, Canada.
The Avery Dennison Corporation stock price gained 0.97% on the last trading day (Friday, 15th Oct 2021), rising from $207.73 to $209.75. During the last trading day the stock fluctuated 1.54% from a day low at $207.27 to a day high of $210.47. The price has fallen in 6 of the last 10 days but is still up by 0.05% over the past 2 weeks. Volume fell on the last day by -59 thousand shares and in total, 443 thousand shares were bought and sold for approximately $93.00 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Apr 04, 2024, it was reported that UBS gave AVY a "Buy" grade with a "hold" action.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Avery Dennison Corporation stock to perform well in the short-term period.
About Avery Dennison Corporation:
Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.
The Santander Consumer USA Holdings Inc stock price fell by -0.120% on the last day (Friday, 15th Oct 2021) from $41.68 to $41.63. During the last trading day the stock fluctuated 0.360% from a day low at $41.61 to a day high of $41.76. The price has been going up and down for this period, and there has been a 0.07% gain for the last 2 weeks. Volume has increased on the last day by 777 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $51.78 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Santander Consumer USA Holdings Inc stock to perform well in the short-term period.
About Santander Consumer USA Holdings Inc:
Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. The companys vehicle finance products and services include retail installment contracts, vehicle leases, and dealer loans. It also offers financial products and services related to motorcycles, RVs, and marine vehicles; originates vehicle loans through a Web-based direct lending program; purchases vehicle retail installment contracts from other lenders; and services automobile, and recreational and marine vehicle portfolios for other lenders. Santander Consumer USA Holdings Inc. was founded in 1995 and is headquartered in Dallas, Texas. Santander Consumer USA Holdings Inc. is a subsidiary of Santander Holdings USA, Inc.
The American Water Works stock price gained 0.140% on the last trading day (Friday, 15th Oct 2021), rising from $171.18 to $171.42. During the last trading day the stock fluctuated 0.97% from a day low at $170.21 to a day high of $171.86. The price has risen in 6 of the last 10 days and is up by 1.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 124 thousand more shares were traded than the day before. In total, 658 thousand shares were bought and sold for approximately $112.72 million.
On Oct 03, 2023, it was reported that Mizuho Securities gave AWK a "Buy" grade with a "initialise" action.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for American Water Works stock to perform well in the short-term period.
About American Water Works:
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems. It also provides water and wastewater services on various military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. In addition, the company operates approximately 80 surface water treatment plants; 480 groundwater treatment plants; 160 wastewater treatment plants; 52,500 miles of transmission, distribution, and collection mains and pipes; 1,100 groundwater wells; 1,700 water and wastewater pumping stations; 1,300 treated water storage facilities; and 76 dams. It serves approximately 14 million people with drinking water, wastewater, and other related services in 24 states. American Water Works Company, Inc. was founded in 1886 and is headquartered in Camden, New Jersey.
The ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock price gained 0.444% on the last trading day (Friday, 15th Oct 2021), rising from £112.50 to £113.00. During the last trading day the stock fluctuated 2.21% from a day low at £113.00 to a day high of £115.50. The price has risen in 5 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume fell on the last day by -160 thousand shares and in total, 156 thousand shares were bought and sold for approximately £17.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ADVISORSHARES ATHENA HIGH DIVIDEND ETF stock to perform well in the short-term period.
About ADVISORSHARES ATHENA HIGH DIVIDEND ETF:
The Diverse Income Trust plc is a closed-ended equity mutual fund launched and managed by Miton Trust Managers Limited. It is co-managed by Miton Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of companies across all market capitalizations, with a long term bias toward small and mid cap companies. The Diverse Income Trust plc was formed on March 30, 2011 and is domiciled in the United Kingdom.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
